New York Times, May 11, 2023–Edward L. Glaeser, Carlo RattiIn downtowns from Chicago to Los Angeles, the physical layout of the 20th-century city is clashing with the new economy. Since …
Category: Top National News
New York City-Area Rents Surge by Most in Nearly Two Decades
Bloomberg, May 10, 2023–Prashant GopalRents for primary residences in the New York, Jersey City and Newark, New Jersey, region rose 6.1% in the 12 months through April, the biggest increase …
California’s FAIR Plan May Save Condo Associations…
Orange County Register, May 11, 2023–Jeff LazersonThe California FAIR Plan Association has agreed to more than double its existing commercial coverage limits to $20 million for businesses and homeowner associations …
Biden Announces Two Historic Nominations to Fed Board
Washington Post, May 12, 2023–Rachel SiegelThe White House would elevate Philip Jefferson, who became a Fed governor last year, to the No. 2 role. Biden also nominated Adriana D. Kugler, …
Chicago’s Empty Office Towers Threaten Its Future as a Major Financial Hub
Bloomberg, May 15, 2023–Isis Almeida, Shruti SinghIn the heart of Chicago’s financial center, a seven-story building occupying much of a city block was once home to the world’s largest options …
MBA: Commercial and Multifamily Mortgage Activity to Decline This Year
WRE News.com, May 15, 2023–Phil HallThe Mortgage Bankers Association revised its forecast for the commercial and multifamily mortgage borrowing and lending environment and is now predicting this sector will fall …
Companies are Shedding Office Space — And it May be Killing Small Businesses
NPR, May 13, 2023–Arezou RezvaniRemote work — long assumed to be a temporary phase of the pandemic for many white-collar workers — is dragging on with no real end in …
Commercial Real Estate Loan Originations Recorded a Big Drop in the First Quarter, Partially Due to Lack of Demand
Wealth Management, May 9, 2023–Elaine MisonzhnikA new report from the Mortgage Bankers Association (MBA) shows that its Commercial/Multifamily Mortgage Origination Index declined by 56% year-over-year in the first quarter of …
SFR Rents Rise in Q1 But Properties are Staying on the Market Longer
GlobeSt.com, May 9, 2023–Barbara BallingerThe country’s median national rent for single-family detached homes climbed to $2,395, a big 19.75% leap from the same period two years ago and a 6% …
Freddie Earnings Remain Stable in First Quarter
Inside Mortgage Finance, May 3, 2023–Dennis HollierFreddie’s profitability remains a tale of loan loss reserves, with net income rising and falling according to the size of the provision for losses.https://www.insidemortgagefinance.com/articles/227704-freddie-earnings-remain-stable?v=preview